TriEye, an early-stage, Israeli company recently announced raising $74 million in a round co-led by Varana Capital, which was joined by Intel, Samsung, and Porsche, among others. The funding will help the start-up commercialize its sensing technology that will assist autonomous and driver assistance systems to see better in poor conditions.

The early-stage company expects its SWIR technology to be integrated into biometrics and surveillance, as well as industrial applications, such as food sorting and material identification, with much, much more on the way. To meet the challenge, TriEye has developed a sensor called SEDAR (Spectrum Enhanced Detection And Ranging), which provides the required imaging and depth information for autonomous systems and advanced driver assistance. While the automotive industry is a core target market, TriEye has an even broader vision.

Varana Capital Co-Leads $74 Million Round In Trieye, Joined By Intel, Samsung, And Porsche

Varana Capital Co-Leads $74 Million Round In Trieye, Joined By Intel, Samsung, And Porsche

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